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ethio telecom lost 1.9 billion Br in revenue to conflict in first quarter
The state telecom giant, ethio telecom, lost 1.9 billion Birr in revenue due to the conflict in the northern part of the country. As a result, its revenue for the first quarter of 2021/22 Ethiopian fiscal year fell 12 percent short of its planned 15.4 billion Birr.
CBE’s profit surpasses target set
Commercial Bank of Ethiopia netted 6.8 billion Birr profit, exceeding its own 4.7 billion Birr target for the just ended first quarter by 146 percent.
Coal rush: source of wealth or conflict?
Officials and geologists from Oromia Mineral Development Authority traveled to Derbi Moye, one of the three coal rich woredas in Jima Zone located 70 kilometers from Jima town, three weeks ago.
Uranium radiation harms dozens
Uranium radiation caused severe injuries to dozens of children and youngsters in Madda Walaabu, Bale zone of Oromia regional state, over the past year.
ECX seats fetch 8 mln birr
Kebede Bilbila and Beza Trading both offered the highest price for Ethiopian Commodities Exchange (ECX) membership seats at eight million birr. The Ethiopian Commodities Exchange (ECX) opened the bid it floated to sell 30 membership seats on November 2, 2021.
Inflation: chopping off Ethiopia’s middle class?
Girma Bezabih is a property broker who uncovers and sales mainly houses almost across all sub-cities in the capital. He is familiar with most available patches of land in the capital after working in the business for twelve years now.
The lingering woes of foreign currency
Ethiopia is going through a rough patch of political, economic and social realities. The COVID-19 pandemic, locust invasion and the war in the North are just a few of the natural and manmade challenges the country has had to endure.
Local coal supply drops as conflict disrupts production
Local coal supply sharply dropped since May 2020 following waves of conflict that continue to break out in Kamashi, a major coal mining belt in Benishangul Gumuz regional state.
War leaves two thirds of sesame farm uncultivated
Over 500,000 hectares of sesame farm, which is 70 percent of Ethiopia's annual cultivation for the cash crop, skipped a season without being cultivated due to the ongoing war in northern Ethiopia.
EthSwitch woos tele birr into digital interoperability
Upon launching the newly built platform that interfaces interoperability of wallet, mobile, and internet banking, EthSwitch told The Reporter that negotiation is underway to bring tele birr on board.
